The Apartment Gurus

Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is almost downloadable! Release date 3/1/21. go to: www.glequitygroup.comIn this episode, Tate is joined by Julie Holly, founder of Three Keys Investment where she helps people like you find their freedom through multifamily real estate investing so that they can live the life of their dreams! She has invested in single family homes, house-hacked before it had a name, managed properties from 1k miles away and passively invested in multifamily assets. Currently, Julie is passively invested in nearly 300 doors.Her podcast Ask Me How I Know: Multifamily Stories of Struggles to Success is designed to fuel the mind and soul through weekly interviews with industry leaders as well as mindset episodes.Julie’s experience as a public school teacher, ability to relate with people and genuine care for their financial well-being allow her to raise capital for the team’s offerings.julie@threekeysinvestments.com

Retiring from His W-2 Job to do real estate full time!In the US for 20 years, from Kenya.Dad passed away young, raised by single mom and village.2001-came to US for college-computer  Started buying single family houses in Boise.The power of in-person conferences-Jack met his one of his partners at Michael Blank’s Deal Maker Live event-ended up closing 3 deals (about 500 doors) with that partner!Owns in AZ and TXJack is a General Partner / Sponsor for 950+ apartment units, and an equity partner in an additional 400+ units.Wants to expand into FL and GA (would do smaller deals in SLC or Boise)Team Sport-whatever you need to get a deal done is available in a partner!Jack uses Dugan Kelley for his syndication attorney (https://kelleyclarkelaw.com/about/dugan-kelley/)Jack uses CityGate for Property Management (https://citygatepropertygroup.com/en/)Building relationships with the brokers.“Deal First Approach”-Finding the deals is what’s most important right now-find a deal and take it to a team and take it down.Do a deal with Jack! Deal Criteria:1980’s built or newer150 units (preferably 200) or moreMay change criteria to 1990’s or newer.The better/nicer the asset class, the lower the risk (and the lower the returns)SE Markets Florida and GeorgiaConnect with Jack! www.kendubayproperties.comSchedule a meeting with Jack: https://kendubayproperties.com/index.php/contactCell phone: 818-635-4289“Give in abundance and you’ll get in abundance”Books: NOT going to talk about “Rich Dad, Poor Dad”ABC’s of Multifamily Investing by Ken McElroyAudiobooks-catch up on books and podcasts on road trips!“Think and Grow Rich” by Napoleon HillWants to squeeze the next 5 years into 2 years: 5,000 units (at 1,500)Wants to diversify into international properties (South America).Family time-is a HUGE part of his “Big Why”

This episode welcomes the “Blue Collar Kid from Parma, Ohio” made good, Mr. Tim Bratz! Tim is the CEO and founder of Legacy Wealth Holdings, a real estate investment company that acquires and transforms distressed apartment buildings into high-yield assets for their own portfolio. Tim's current portfolio exceeds 4,000 units with a valuation of more than $350M. Working in real estate, Tim has built a passive business and created a residual income that allows him to live the lifestyle of his choice. He’s here to educate and empower others to become financially free through commercial real estate. In this episode, Tate and Tim discuss Tim’s bumpy road from personal/financial disaster to being the owner of 4000 units.Guiding Principles: 1. “Burn the Ships” Create a restraint, no fall-back plan. 2. Build Long Term Vision-not “get rich quick”Millionaires and Billionaires are made by making deals and taking equity. Trade your time for equity in deals.Masterminds: The importance of the guidance of his mastermind to keep generating revenue during law suit with business partners. He found out that “The worst case scenario wasn’t that bad.”Relationship capital is MUCH more valuable than financial capital.Mastermind-having the right people in your corner. He 4X’d his income in 10 months in 2016 after attending his first mastermind.-if you sign up for a Mastermind, make it a 36 month commitmentThis year, he’s selling 2,000 units, keep 2,500, and adding 4,000 doors!The “1% Rule”: if the monthly rent covers 1% of the all-in price per unit of the complex, the deal should cash-flow.Enroll in his “Commercial Empire” Event at https://invite.commercialempire.com/cestartTim can be reached at: www.legacywealthholdings.com 

In this episode of the Apartment Guys (and Gals) Podcast, Tate and Dr. Erin Hudson go deep into Erin's success story going from being a Chiropractor to being a full-time real estate entrepreneur. She's achieved impressive outcomes in her investing career, all while being a mom of 5!Erin is a stand for empowering women in the apartment investing space. Her big "Why" is creating a legacy, changing hearts and helping those in need.  Erin's company, Quattro Capital, offers an amazing opportunity for new investors to be involved in a deal. Listen for details.Erin can be reached at https://www.thequattroway.com/.

In this episode, Tate welcome Prashant Kumar, an immigrant from India who owns 1200 apartment doors as a General Partner and 100 doors in his own personal portfolio. Prashant's true passion is teaching people to access inner peace through meditation. He is also passionate about serving the elderly through assisted living projects as well as teaching financial freedom through multi-family real estate.Prashant references www.heartfulness.org and the book "Heartfulness" and the book "The Heartfulness Way" by Kamlesh Patel

In this landmark episode of "The Apartment Guys Podcast", I get to spend an hour with Mr. Michael Becker, multi-family maven who currently owns over 6,000 doors worth $440mil just in Dallas/Ft. Worth and Austin, Texas. Starting from a background in commercial banking, Michael started acquiring apartment properties in 2013, just 8 short years ago. Some of the principles that he shares from his banking days: 1. Don't buy in the "hood". (Buy in lower crime areas) 2. Don't be under capitalized going into a deal. 3. Don't use poor property managers OR self-manage remotely. 4. Use smart debt-fixed rate, long-term debt.  We talk about the keys to scaling up well: 1. Pick a good market with LOTS of inventory and velocity (such as Dallas/Ft. Worth) 2. Nurture long term broker relationships and do many transactions with the same brokers. 3. Bring in quality Human Resources. Pay more for higher-level employees that willl make your life easier. 4. Redundancy in Systems and Processes.  We also discuss the difference between and "Owner" and "Employee" Mindset and the necessity of having both in your business.  As host of both the Old Capital Podcast and The Multifamily Investing Show (https://itunes.apple.com/.../MZStore.woa/wa/viewPodcast...), Michael is an internationally known thought leader and speaker. Michael can be found at https://multifamilyinvestingshow.com/

Chris is CEO and Founder of Sterling Rhino Capital. Chris holds investments or shares in over 2137 units across the county. Chris and the Sterling Rhino team recently closed on a 112-unit value-add property in Georgia and 104-unit property in Virginia.  In this episode, Chris and I go deep into some of Chris's more difficult memories to remember the extremely valuable lessons that come with adversity. If you're dealing with adversity or fear in your business or life, Chris and I share some ideas about how to successfully navigate from "Embracing the Suck" (Navy Seals Motto) to thriving in peace, power and profit.Chris can be reached at www.sterlingrhinocapital.com. By purchasing Chris's book, "You've Earned It!" in E-Book, Paperback or Audiobook, you will feed between 10-85 people. 

Blake has replaced his military income with a brrrr bnb strategy. The right leverage with the right amount of income can replace your income and might be easier than you think. He purchased his first property with a VA Loan with his wife and then consecutive deals from there. If you have access to VA Loans this is a great resource to move you forward. Rich Dad, Poor Dad was part of his progression. Then he read Brandon Turner’s book about rental properties and searched out forums and podcasts. Disciple, Persistence and Grit is needed to get you through the hard times. Book: "Grit" by Angela Duckworth - Perseverance and passion for long-term goalsFind like minded partners, meetup groups and mentors.You can shorten your learning curve through masterminds or mentorships programs. Blake started with the War Room Mastermind which is for service members.Get that first deal because that gets the ball rolling and foster those broker relationships. The magic or law of the first deal.Use the power of an owner occupied loan to get a personal portfolio going.MindsetPower of GritPower of a mastermindPower of mentorsPower of meetup groupsPower of giving backFHA or VA loansPick what resonates with you and matches your personality and go after it.Reach Blake at: www.multifamilyjourney.com Blake’s Podcast: www.multifamilyjourney.com/podcast

In this episode, Tate interviews Jorge Abreu of Elevate Commerical Investment Group. Jorge is flat-out crushing it in the apartment investing space with ownership in 3000+ doors. He has a goal to reach 10,000 doors by the end of 2021. We discuss doing proper Due Diligence in a pandemic market: lease audits and COLLECTIONS (bank statements) reviews are crucial right now. (Collections are going really well for Jorge for the most part.)  We discuss teamwork and the value of putting people in the right roles in business.  We discuss activities that move the needle in business. Jorge’s company is giving back by offering opportunities to first responders and veterans to market for property acquisition, training them to cold-call to find deals. We reference Active Campaign, Asana, Slack, and Syndication Pro as well as Jorge’s website www.elevatecig.com. If you email Jorge at jorge@elevatecig.com, he will email you complementary checklists and other resources.

I was lucky enough to get Yonah Weiss to sneak The Apartment Guys into his schedule this week! Yonah breaks down Cost Segregation and Bonus Depreciation so that it is easy to understand. Simply put, "Cost Seg" is the Sexist Secret in Apartment Investing. Combined with Bonus Depreciation, this tax strategy could make your real estate income tax free! (speak to your tax professional/attorney for all the details). Combine that with the time value of money and reinvestment of capital, the wealth-building capacity is game changing. This is a DO NOT MISS, especially if you own rental real estate of any kind. #theapartmentguyspodcast #apartmentinvesting #commercialrealestate  #costsegregation #bonusdepreciation